Hess Midstream (HESM) Property, Plant & Equipment (Net) (2018 - 2026)
Hess Midstream (HESM) reported Property, Plant & Equipment (Net) of $3.27 billion for Q3 2026, down 3.3% from $3.38 billion a year earlier and down 1.0% from the prior quarter.
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Analysis
Hess Midstream (HESM) Property, Plant & Equipment (Net) (2018 - 2026) Analysis & Trends
At the end of FY2025, Hess Midstream posted Property, Plant & Equipment (Net) of $3.37 billion, up 1.3% from FY2024.
- Property, Plant & Equipment (Net) has increased for seven consecutive years, with a five-year compound annual growth rate of 1.6% (FY2020 to FY2025).
- By year, Property, Plant & Equipment (Net) came in at $3.33 billion in FY2024 (+3.0%), $3.23 billion in FY2023 (+1.8%), $3.17 billion in FY2022 (+1.5%) and $3.13 billion in FY2021 (+0.4%).
- The Q3 2026 figure ranks as the lowest quarterly Property, Plant & Equipment (Net) since Q2 2024.
- Year over year, Property, Plant & Equipment (Net) has now declined in each of the last three quarters, with growth averaging 1.1% over the last eight quarters.
- The high point for year-over-year Property, Plant & Equipment (Net) in five years was Q1 2025 (growth of 3.4%); the low point was Q3 2026 (a decline of 3.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $3.3 billion (Q2 2026), $3.32 billion (Q1 2026) and $3.37 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PP&E (Net) (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 106.26 Bn | 104.14 Bn | 4.35 Bn | 98.94 Bn |
| 2 | Williams Companies | 86.41 Bn | 89.20 Bn | 2.59 Bn | 52.53 Bn |
| 3 | Enterprise Products Partners | 82.58 Bn | 80.98 Bn | 14.00 Mn | 52.59 Bn |
| 4 | Kinder Morgan | 71.13 Bn | 71.22 Bn | 2.97 Bn | 40.89 Bn |
| 5 | Tc Energy | 67.40 Bn | 71.05 Bn | - | 51.83 Bn |
| 6 | Energy Transfer | 66.89 Bn | 62.98 Bn | 6.57 Bn | 104.38 Bn |
| 7 | Targa Resources | 63.77 Bn | 62.98 Bn | 2.02 Bn | 23.96 Bn |
| 8 | Cheniere Energy | 63.04 Bn | 62.60 Bn | 2.97 Bn | 37.47 Bn |
| 9 | Mplx | 58.00 Bn | 52.25 Bn | 3.19 Bn | 23.08 Bn |
| 10 | Hess Midstream | 3.97 Bn | 3.85 Bn | - | 3.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.27 Bn |
| Jun 30, 2026 | 3.30 Bn |
| Mar 31, 2026 | 3.32 Bn |
| Dec 31, 2025 | 3.37 Bn |
| Sep 30, 2025 | 3.38 Bn |
| Jun 30, 2025 | 3.34 Bn |
| Mar 31, 2025 | 3.32 Bn |
| Dec 31, 2024 | 3.33 Bn |
| Sep 30, 2024 | 3.29 Bn |
| Jun 30, 2024 | 3.24 Bn |
| Mar 31, 2024 | 3.22 Bn |
| Dec 31, 2023 | 3.23 Bn |
| Sep 30, 2023 | 3.21 Bn |
| Jun 30, 2023 | 3.19 Bn |
| Mar 31, 2023 | 3.18 Bn |
| Dec 31, 2022 | 3.17 Bn |
| Sep 30, 2022 | 3.16 Bn |
| Jun 30, 2022 | 3.14 Bn |
| Mar 31, 2022 | 3.12 Bn |
| Dec 31, 2021 | 3.13 Bn |
API Access
Hess Midstream Property, Plant & Equipment (Net) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=property-plant-and-equipment-net&ticker=HESM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "property-plant-and-equipment-net", "ticker": "HESM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=property-plant-and-equipment-net&ticker=HESM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();